Newmark, as exclusive advisor is pleased to offer the opportunity to acquire the fee simple interest (land and building) in the NNN leased,
corporate signed, drive-thru equipped, U.S. Bank investment property at 521 E. Bidwell Street (the “Property”) in Folsom, California. The
tenant’s current lease expires April 30, 2029, and there are two remaining 5-year options to extend.
The Property is located on E. Bidwell Street, Folsom’s primary retail hub. Folsom is a Sacramento submarket that contains over 4 million square feet of space and is one of the most affluent retail trade areas in the region. The City of Folsom is a vibrant, business-friendly community dedicated to maintaining a high quality of life by fostering stable, reliable, and diversified economic growth. Situated about 25 miles east of downtown Sacramento, 85 miles from Lake Tahoe, and 110 miles from San Francisco, Folsom enjoys a prime central location in California. The city has successfully attracted a robust and expanding base of major employers, including Voxpro, California ISO, Maximus, Intel, Kaiser Permanente, Kikkoman, Mercy Hospital, Micron, Safe Credit Union, Toshiba, and VSP One. Folsom boasts a substantial and well-educated workforce of 38,200, with 54% holding a Bachelor’s degree or higher, and maintains a very low unemployment rate of 3.8%.